Bankruptcy - ISDA Provision: Difference between revisions
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===Speed Read=== | ===Speed Read=== | ||
In essence the {{2002ma}} defintion amounts to the following: | In essence the {{2002ma}} defintion amounts to the following: | ||
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#'''Action in furtherance''': takes any action in furtherance of any of the above. | #'''Action in furtherance''': takes any action in furtherance of any of the above. | ||
==Analysis== | ===Analysis=== | ||
Note the contraction of the grace period from 30 days to 15 days between the {{1992ma}} and the {{2002ma}}. | Note the contraction of the grace period from 30 days to 15 days between the {{1992ma}} and the {{2002ma}}. | ||
{{isdasnap|5(a)(vii)}} | |||
{{isdaquote|{{clause|1987|ISDA|Interest Rate and Currency Enxchange Agreement}}|5(a)(vii)|1987}} | |||
{{isdaanatomy}} | {{isdaanatomy}} | ||
*{{isdaprov|Automatic Early Termination}} | *{{isdaprov|Automatic Early Termination}} |